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Thread: Apple: You can have taxes or you can have jobs, but you can't have both

  1. #1

    Apple: You can have taxes or you can have jobs, but you can't have both

    Great Quote. Epic response to the EU.
    Now it's time for him to have an 'accident'.
    Good bye Tim.

    Apple: You can have taxes or you can have jobs, but you can't have both

    Apple CEO Tim Cook


    Back in 1991, Apple struck a tax deal with Ireland
    that was completely above-board and legal.
    The Irish government provided Apple with a "comfort letter"
    that said if it based its European operations in Ireland,
    it would pay very low rates of tax.

    In the 15 years since, Apple has created thousands of jobs in Ireland.
    By 2015 it had 5,000 employees in the country.
    Another 1,000 jobs are planned for the HQ in Cork.
    This year, Apple will open its Athenry site, with another 200 jobs in the making.

    The deal between Apple and Ireland was pretty clear:
    Give us low taxes and we will give you jobs.
    A note from a meeting between the government and an Apple tax advisor
    in 1990 basically said exactly that:

    "Apple was now the largest employer in the Cork area
    with 1,000 direct employees and 500 persons engaged on a subcontract basis.
    It was stated that the company is at present reviewing its worldwide operations
    and wishes to establish a profit margin on its Irish operations."

    Apple is now the single largest taxpayer in Ireland,
    so it has the kind of negotiating strength to get what it wants.
    Last edited by goldenequity; 08-30-2016 at 07:46 AM.



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  3. #2
    Ireland is also fighting the EU fine.

    EU claims the tax break violates EU rules against giving an "unfair advantage".
    Last edited by Zippyjuan; 08-30-2016 at 01:09 PM.

  4. #3
    ...but taxation creates jobs, no? The constraining effects only apply to reducing carbon emissions and cigarette smoking.

    Gulag Chief:
    "Article 58-1a, twenty five years... What did you get it for?"
    Gulag Prisoner: "For nothing at all."
    Gulag Chief: "You're lying... The sentence for nothing at all is 10 years"



  5. #4
    Chase off our biggest taxpayer? Ye wish to raise our IRE?
    Our neighbor isle sang thee farewell. We next may join their choir.

  6. #5
    Quote Originally Posted by brushfire View Post
    ...but taxation creates jobs, no? The constraining effects only apply to reducing carbon emissions and cigarette smoking.
    LOL .

  7. #6
    Worthwhile read.

    Tim Cook and Apple's Gross Hypocrisy on Taxes

    Jeff Deist

    ...

    Aside from the bizarre and unworkable transfer of national sovereignty to an EU body with fuzzy tax and regulatory powers, Apple’s predicament raises questions about its hypocrisy and corporate political power generally. It's a bit rich to hear Apple CEO Tim Cook suddenly become concerned over the “sovereignty of EU member states.” Cook, after all, is an outspoken progressive who presumably favors the kind of activist international tax and regulatory bodies exemplified by EU bureaucrats. He believes in putting people—and the environment—before profits, telling climate-change deniers to “get out” of Apple stock. And he clearly subscribes to the “stakeholder” theory of corporate responsibility.

    He also presumably favors distribution of income from the rich to the poor, and Apple certainly qualifies as the former: its mysterious hedge fund is awash with billions in cash. Yet Apple’s express use of offshore havens to shield income from the IRS hardly comports with the company’s image as a hip tech innovator concerned with social issues (e.g., note his criticisms of his home state of Alabama). And now the company, through a spokesman, is reduced to repeating that it “pays what it owes.” Not what it ought to owe, or an amount needed to sustain a robust safety net, or its “fair share”—just what it owes. Not very progressive sounding to me. After all, Mr. Cook, aren’t all Europeans stakeholders in Apple?

    Hypocrisy aside, Apple’s dilemma raises some basic but important points about taxes—points Congress and progressives never seem to understand:

    ...
    https://mises.org/blog/tim-cook-and-...ypocrisy-taxes
    Quote Originally Posted by Ron Paul View Post
    The intellectual battle for liberty can appear to be a lonely one at times. However, the numbers are not as important as the principles that we hold. Leonard Read always taught that "it's not a numbers game, but an ideological game." That's why it's important to continue to provide a principled philosophy as to what the role of government ought to be, despite the numbers that stare us in the face.
    Quote Originally Posted by Origanalist View Post
    This intellectually stimulating conversation is the reason I keep coming here.



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